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Home prices in 2023

1/27/2023

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Wondering what home prices will look like in 2023?

Well, they’re expected to fall. On average, home prices will decrease 7% this year.

This is due to a decrease in buyer demand due to rising interest rates and inflation. Because the demand has gone down, home prices have responded by falling.

But take this into perspective: since February of 2020, home prices have soared 42%. That kind of makes a 7% fall in prices seem like a drop in the bucket.

Right now, we’re seeing the market rebalance and that means that home prices will come down a bit while buyer demand also decreases. 

But it’s still a great time to sell and to buy! Homeowners are in a better spot to sell now than before 2020 and buyers will have a much easier time compared to buying in the past couple of years. 

Want to get more stats on what our market is currently doing? Send me a DM and I’ll get you the latest data!
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    Kauai Alpha Fitt, REALTOR® SRES with Coldwell Banker Distinctive Properties in Grand Junction, Colorado.

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  • Home
  • Services
    • Selling Your House >
      • 5 Factors Which Affect Property Value
      • Pricing Your Home
      • Staging Your Home To Sell
      • Your Home Selling Guide
    • Buying A House >
      • Home Buying RoadMap
      • Before You Buy A House
      • Showing Procedures
      • Your Home Buying Guide
    • Favorite Trails >
      • Favorite Hiking Trails
      • Favorite Mountain Biking Trails
    • GJ Kid Activities
    • Local Events We Support!
    • Restaurant Recommendations
    • Local Favorite Businesses
  • About
  • Contact
  • Referral Partners
  • Testimonials
  • My Blog